It traded below $6.50 afterhours.
I had & lowered a $6.56 buy order. Mine wouldnt have filled afterhours though.
I havnt read anything but the headline.
What dilution are you talking about ?
I think the long term will be ok...gotta swap out the upper managers and this thing could be a cash cow in the future.
But, they've GOT to get sales higher than flat to +2%.
Thats not going to get it.
And, I fear their remaining stores will start to need remodels before too much longer.
Tax selling could take it lower. A strong hire might take it up. A weak hire might mean even more selling.
I sold some at $10.97 & $7.73 in 2010 and havent bought any back although I do still have a small position.
My next trade is likely to be a buy but I look at this as a several year play. Not going to double anytime soon.
But longer term, it can see $12-15 again.
Assuming they make a good hire and he can get his own people to replace Sandys hangers-on.